GRT/USDT — Accumulation Zone or Bearish Continuation?
GRT/USDT is once again retesting the historical support zone (0.047–0.095), an area that has acted as a major demand level since 2022. This zone can be considered the “final wall” before a potential continuation of the long-term downtrend — or the foundation for a multi-year accumulation base.
The long-term structure still shows a series of lower highs since the 2021 peak, reflecting strong selling pressure. However, the fact that this yellow zone has held for nearly 3 years signals possible institutional demand or smart retail accumulation.
If this zone holds, the probability of a major reversal increases, especially if supported by strong weekly volume.
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📈 Bullish Scenario
1. Rebound from accumulation zone: If price holds above 0.082 and forms a strong reversal candle (hammer / bullish engulfing), the first target is 0.1281.
2. Confirmed breakout: A weekly close above 0.1281 would shift structure bullish, opening upside targets at 0.1868 → 0.2402 → 0.3233.
3. Extended rally: If the broader crypto market supports, the price could extend toward 0.4352 – 0.5285, with long-term potential toward 1.0982.
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📉 Bearish Scenario
1. Support breakdown: A weekly close below 0.047 would invalidate the accumulation zone, confirming further downside.
2. Bearish continuation: Next liquidity levels may lie around 0.03 – 0.02 or potentially new lows.
3. High selling volume: If breakdown occurs with strong bearish volume, chances of a quick recovery diminish significantly.
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📊 Technical Pattern
Accumulation zone (yellow box): Major demand area since 2022.
Range-bound movement: Trading between 0.047 (bottom) and 0.128 (top).
Lower highs: Sellers remain in control, yet buyers repeatedly step in around 0.05–0.08.
Potential large double/triple bottom: If support holds, this could form a strong long-term reversal structure.
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🎯 Trading Plan & Risk Management
Aggressive setup (risk-takers): Buy within 0.055–0.082 with a stop below 0.047. First target 0.1281 (R:R ≈ 1:1.7), extended targets up to 0.2402 (R:R > 5).
Conservative setup (trend-followers): Wait for a weekly breakout above 0.1281 with strong volume confirmation, then aim for 0.1868 – 0.2402.
Risk note: Since the support box is wide, use small position sizing to avoid large drawdowns.
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📌 Conclusion
GRT is at a multi-year critical level. The 0.047–0.095 zone is decisive for long-term direction:
If it holds → strong chance of a major reversal and accumulation base.
If it breaks down → high probability of deeper continuation of the bearish trend.
Swing traders may look for bounces within the range, while long-term investors should closely monitor weekly closes and volume before committing.
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source https://www.tradingview.com/chart/GRTUSDT/hDIZX2Tv-GRT-USDT-Accumulation-Zone-or-Bearish-Continuation/
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